- September 15th, 2016
Oil Holds Below $44 as Libya, Nigeria Seen Adding to Oversupply
Oil held below $44 a barrel amid speculation the global crude glut will expand as OPEC members Libya and Nigeria prepare to boost exports within weeks. ›
Oil held below $44 a barrel amid speculation the global crude glut will expand as OPEC members Libya and Nigeria prepare to boost exports within weeks. ›
British prompt gas prices mainly fell on Wednesday due to an oversupplied network as storage sites struggled to mop up continued high flows from liquefied natural gas (LNG) terminals. ›
Brent crude traded near the lowest close in more than a week on speculation the global glut will persist longer than previously forecast. ›
Prompt British gas prices rose on Tuesday morning as imports from Norway through the Langeled pipeline fell. ›
Oil declined before weekly U.S. government data forecast to show crude stockpiles rose and the International Energy Agency changed its view on the global oversupply, seeing a glut persisting into 2017. ›
Prompt British gas prices fell as much as 12 percent on Monday morning as an increase in imports from Norway, looming liquefied natural gas (LNG) supply and warm weather weighed on the market. ›
Oil extended declines following the biggest drop in more than a month after U.S. producers increased drilling as the market contends with an overhang of crude and fuel inventories. ›
British gas prices for immediate delivery fell on Friday morning as increased domestic supply coincided with high output from wind power turbines which reduced gas demand. ›
Oil trimmed its weekly gain after the biggest U.S. stockpile slump in 17 years was seen as a one-off caused by a tropical storm that disrupted imports and offshore production. ›
UK day-ahead power prices dropped lower for the second consecutive day on Thursday, with the baseload contract erasing nearly 9% in value, as higher renewables expectations and decreasing power demand weighed on the prompt. ›